1. In the National Basketball Association, first-round draft picks are paid a guaranteed salary for at least three years. Second round picks have no such guarantees. Suppose the Philadelphia 76ers select Cassius Winston with the 30^th pick of the 2020 draft and Franz von Papen with the 31^st pick. The 30^th pick is the last pick of the first round and the 31^st is the first pick of the second round. Will the 76ers treat the two players differently

1. If they follow neo-classical (standard) economic behavior?

If they follow behavioral economic behavior?

Answer rating: 100% (QA)

If the Philadelphia 76ers follow neoclassical standard economic behavior they would likely treat Cas... View the full answer